Income Per Share and Partnership Unit (Tables)

3 Months Ended

Mar. 31, 2020

Reconciliation of the Numerator and Denominator Used in the Computation of Basic and Diluted Income Per Share

The table below is a reconciliation of the numerator and denominator used in the computation of basic and diluted net income per share and unit computed using the two-class method (dollars in thousands):

	Three Months Ended March 31,
	2020			2019
Basic and diluted (loss) income:
(Loss) income from continuing operations	$	(15,847	)	$	43,578
Less: dividends paid to preferred stockholders		(2,588	)		(2,588	)
Less: dividends attributable to unvested restricted stock		(207	)		(272	)
Net (loss) income attributable to common stockholders used in basic and diluted (loss) income per share	$	(18,642	)	$	40,718

Basic weighted average shares of common stock outstanding:
Weighted average shares of common stock outstanding		102,551,315			85,916,656
Less: unvested weighted average shares of restricted stock		(321,168	)		(419,563	)
Basic weighted average shares of common stock outstanding		102,230,147			85,497,093
Net (loss) income per share attributable to common stockholders - basic	$	(0.18	)	$	0.48

Diluted weighted average shares of common stock outstanding: ⁽¹⁾
Plus: unvested market-based awards		—			7,804
Diluted weighted average shares of common stock outstanding		102,230,147			85,504,897
Net (loss) income per share attributable to common stockholders - diluted	$	(0.18	)	$	0.48

Potentially dilutive shares of common stock
Unvested shares of restricted stock, less shares assumed repurchased at market		133,839			132,744
Unvested shares of market-based awards		377,449			—

⁽¹⁾	Assumes the most dilutive issuance of potentially issuable shares between the two-class and treasury stock method unless the result would be anti-dilutive.